Markets in the weeks ahead. Still pumping more oil into the market from saudi arabia. It comes to the coronavirus story that continues to dominate, President Trump says the u. S. Should be prepared for a painful couple of weeks. Infection rates continue to rise in the u. S. We are hopefully seeing some stabilization in countries like spain and italy. Overall, the global infection rate has passed 800,000. Yvonne. Avon the ecb scrapping european banks. Thats what is weighing on the hang seng. Earnings coming through, really a key indicator in the next couple of weeks. Autos reacting negatively. Down six. 5 . The pboc should impact further cash injections and local authorities should issue more infrastructure bonds. Supporting the economy amid the worsening coronavirus pandemic. Selina wang joining us now from beijing. How significant is this . How should we read into that yvonne that . Selina those pmi numbers coming in better than expected. Back into expansionary territory. Compared to
Great decision rate decisions this week. And gun control on the u. S. Agenda after shootings leaving 30 dead in texas and ohio. Lets get you started with a quick check of market close. It was another day of risk off, not just a day but a week of risk off. We have not seen such losses this whole year. In fact we have not seen such massive selloff since december 2018, before the fed did a uturn and turned dovish grid we have taken Energy Leading the declines, the dow at the lowest level in six weeks, the nasdaq losing a percent or we have the lingering impact of new tariffs on chinese goods imposed by President Trump. We had decent jobs numbers but thel 10year yield around lowest since 2016 as there are more rate cuts factored in. U. S. Futures down. 2 . Lets see how we are setting up in asia. Given that context it wont surprise anyone to see we are looking at a down day in new zealand in a couple of minutes. Off a shade, a quarter of 1 but out of pointing lower chicago. Nikkei futures d
That members are being careful not to mistep in either direction, whether that is cutting Interest Rates too soon or too little too late. He will have more to say in front of the Senate Banking committee on thursday. In other news making headlines, a former Google Software enginer has been indicted in california on charges of stealing Trade Secrets related to the compay s Artificial Intelligence technology. Our Asia Business correspondent katie silver has been tracking the developments and joins us live from our newsroom with the latest. He was arrested at home in california charged counts of stealing on behalf of two Chinese Companies stealing ai. We understand he worked as a Software Engineer from 2019. In 2022, he started being courted by a chinese start up to be their chief technology officer. From then until may 2023, he uploaded or stole about 500 different confidential documents, particularly pertaining to systems and chips that are needed by google to build their data centres t
Not to miss step in either direction, whether that is cutting Interest Rates too soon or too little too late. He will have more to say in front of the Senate Banking committee on thursday. In other news making headlines, a former Google Software enginer has been indicted in california on charges of stealing Trade Secrets related to the compay s Artificial Intelligence technology. Our Asia Business correspondent katie silver has been tracking the developments and joins us live from our newsroom with the latest. Arrested at home in california charged with his former counts of stealing on behalf of two Chinese Companies stealing ai. What we understand he still was data related to googles large model of learning is, what theyre doing in order to train up theyre doing in order to train up their big data centres. It is alleged that he started the company in 2019 as a software engineer, did hisjob legally for three years and then in 2022, started being courted to be the chief Technology Offic
will be the first since beijing scrapped its zero covid restrictions late last year. the chief economist at hang seng bank china told us she is expecting to see an economic rebound that could fade in subsequent quarters. in rebound that could fade in subsequent quarters. in terms of gdp growth subsequent quarters. in terms of gdp growth for subsequent quarters. in terms of gdp growth for the - subsequent quarters. in terms of gdp growth for the first - of gdp growth for the first quarter it is very likely to exceed expectations because the trade data was just exceptional, so now we are anticipating a growth rate of about 4.5% and in terms of infrastructure, housing, consumption, all those figures will improve significantly in the first quarter as well. there might be some downside risks but it will mostly show up risks but it will mostly show up in the coming months. in the first quarter data probably is just right spots. it’s first quarter data probably is just right s